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Blossom Corporation reported net sales $600,000, cost of goods sold $396,000, operating expenses $134,000, and...

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Accounting

Blossom Corporation reported net sales $600,000, cost of goods sold $396,000, operating expenses $134,000, and net income $49,200. Calculate the profit margin and gross profit rate. (Round Profit margin answer to 2 decimal places, e.g. 10.20%. Round Gross profit rate answer to 0 decimal places, e.g. 10%.) Profit margin Gross profit rate %
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Blossom Corporation reported net sales $600,000, cost of goods sold $396,000, operating expenses $134,000, and net income $49,200, Calculate the profit margin and gross profit rate. (Round Profit margin answer to 2 decimal places, e.8. 10.20\%. Round Gross profit rate answer to 0 decimal places, e.g. 10\%.) Profit margin Gross profit rate

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